The supporters of the Labor/Green Carbon Tax introduced on the 1st July 2012 love to tell us that there are lots of other countries with carbon taxes, and that there are other countries are rushing to legislate a carbon tax. Well how to these carbon taxes compare?
|Country||Rate per tonne||Start Date||How much CO2 emitted||Notes|
|Australia||$23||1st July 2012||399,219||Economy wide tax|
|Europe||$7.91||2008||4,177,817||price has been dropping over the years|
|New Zealand||$NZ12.50||2010||33,095||not economy wide tax = $A10|
|Finland||20 euros||1990||56,512||many exemptions. CO2 output has grown|
|India||$1||2010||1,742,698||only on coal|
|Ireland||15 euros||2010||43,604||does not apply to electricity|
|UK||none||522,856||small climate change levy on electicity|
|Canada||none||544,091||none proposed. State tax in BC|
|Norway||$21||1992||49,920||many exemptions, CO2 output has grown|
Its easy to see that the biggest CO2 emitters in the world have either no Carbon Tax or a very small one covering limited areas of the economy. Only Australia which has one of the highest rate of Carbon Tax effecting most of the economy because it applies to electricity consumption.